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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (95576)	7/7/2003 9:08:08 PM
From: re3	Read Replies (2) \| Respond to of 116764

here y'all go -g- Subject 54094 knock yerselves out...i'll be around after midnight to clean up -g-

To: Box-By-The-Riviera™ who wrote (95576)	7/10/2003 4:46:56 AM
From: maceng2	Read Replies (3) \| Respond to of 116764

buy copper man. pipes are in. news.ft.com Hope of better economic times lifts base metals By Kevin Morrison Published: July 8 2003 11:48 \| Last Updated: July 8 2003 22:50 The expectation of better economic times, which has fuelled a rally in equity markets and the US dollar but knocked bond prices, flowed through to base metal prices on Tuesday as investors hoped renewed confidence would boost demand. Ingrid Sternby, analyst at Barclays Capital, said investment funds were attracted to base metals after the change in economic sentiment. "Base metal prices often follow equity markets. Although we don't expect large price increases, we see prices supported at these levels," said Ms Sternby. Three-month copper closed at $9 higher at $1,691 a tonne at the end of open-outcry trading on the London Metal Exchange. The price of copper, which is widely used in cabling and construction industries, has gained three per cent in the past week, edging closer to the key $1,700 level, a point it has struggled to hold above since the start of 2001. Three-month LME aluminium moved up $4 to $1,399 a tonne. Aluminium prices have also risen three per cent in the past week, coinciding with Alcan's bid for Pechiney, the French aluminium group. Analysts welcome industry consolidation as it may lead to tighter controls on production. Russian Aluminium, the world's second-largest aluminium producer, which is controlled by Roman Abramovich, who last week bought London's Chelsea football club, announced a $700m expansion of its Sayanogorsk smelter. LME three-month lead reached a 15-month high of $515 a tonne, gaining $20 on Tuesday but zinc, nickel and tin all had marginal falls. Three-month LME nickel ended $10 weaker at $8,620. Silver prices, which tend to follow base metal prices because most of its consumption is for industrial use, also made gains. Spot silver rose 2 cents to $4.74/$4.76 a troy ounce. Silver prices have gained 4 per cent in the past two weeks, but have failed to stay above $4.80 for long during the past 12 months. Spot gold fell more than $4 to $343.60/$343.30 a troy ounce from the late quote of $347.90/$348.60 in New York on Monday. The London afternoon fix was $347.20. Oil prices rose slightly despite fears abating about disrupted Nigerian oil supplies after unions in the oil-rich west African nation called off their strike. IPE Brent for August delivery was 15 cents higher at $27.97 a barrel at the close of trading. In New York, August Nymex WTI closed up 9 cents at $30.22. The week-long strike was called off after the government and unions agreed on the price increases for domestic fuel.